Home / Knowledge / News / Textiles / Spot prices of propylene rebound higher
Spot prices of propylene rebound higher
Jan '11
Spot prices of Asian propylene rebounded higher in the just concluded week, supported by upstream naphtha price, plus recent reduction in supply, because local plants are under maintenance or upcoming maintenance in the first and second quarters.

Arbitrage window for shipment to the United States is closed; U.S. propylene price is higher due to tight supply and strong demand. It is reported that 10,000 tons cargo will be shipped to the United States from Northeast Asia in January, but the news has not been confirmed.

Supply in Chinese market remained excessive, due to severe congestion at major Chinese ports, which hard-pressed the market. Major buyers were in the sidelines, due to weak domestic prices, import price of propylene was US $1300/ ton (CFR China), while offers were down to middle level of US $1300/ ton (CFR China), price trend looked optimistic.

Spot prices of propylene are expected to remain bullish, especially in early February after the Chinese New Year holidays, when buyers will return to market to replenish stocks, while South Korea, Japan and Indonesia plan to stop cracking plants, which will also support the market, sources, said.

Asian naphtha contract prices for the second half of February fell on Friday; the spread of naphtha fell to 4-day low at US $170.48 / ton. A cargo with shipment in the first half of March was traded at US $871.50 / ton (CFR Japan) in previous time. Main derivative PP price rose US $10-20 to US $1460-1500 / ton (CFR China).

In Northeast Asia, spot price was assessed at US $1300-1340 / ton (CFR Northeast Asia), reflecting the level of transaction and quotation.

In China's domestic market, propylene price in Shandong was basically at 10350-10450 Yuan / ton (ex-warehouse) in earlier time of the week, price rose 150 Yuan in the second half, it was said that trade level of the previous week was 10600-10650 Yuan / ton (delivered within Shandong), as local refineries shut down in the New Year holiday period.

In the FOB Northeast Asia market, offers rose to US $1,300 / ton (FOB Korea), but purchase interest was limited. Buying intention was below the middle level of US $1,200 / ton (FOB Korea); FOB Japan was below US $1,200 / ton, as the market generally accepts CFR for transaction.

In FOB Southeast Asia, it was said that a cargo from Singapore was traded at US $1,180 / ton (FOB) with shipment in January. Purchase intention rose to the middle and high level of US $1100 / ton (FOB South East Asia), consistent with market trend in China.

Fibre2fashion News Desk

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search